Pages

Thursday, 27 November 2014

Risk is an essential part of business as we know it is a reality that
has to be faced by every organizations without risk no business can exist in
the market, for growth , opportunities, and to compete in the market companies
need to take chances.

Monday, 24 November 2014

In today's global, dynamic
economy, it is beneficial for companies to operate a supply chain that is both
Lean and agile. Using Lean and agile in combination is known as a hybrid supply
chain strategy.

Friday, 21 November 2014

Management in any company
must understand the art of purchasing products and services. The planning,
purchasing and marketing are the key stages of good procurement exercise. The
procurement cycle follows specific steps for identifying a requirement or need
of the company through the final step of the award of the product or contract.
For every procurement project, a formal and professional procurement process
will save time, save money and reduce risk. Responsible management of public
and corporate funds is vital when handling this necessary process, whether in
strong or weak economic markets. Many businesses use automated tools such as an
Enterprise Resource Planning (ERP) system and Electronic Data Interchange (EDI)
to assist procurement specialists or buyer with the buying activities.
Regardless of whether an automated system is used, the goal of the procurement
process is to buy the exact product or service when needed for the most
favorable price. Following are ten proven step by step techniques through which
an organization can successfully achieve their goals.

Monday, 17 November 2014

Now in the fast growing world most of the
developing industries need managing procedures and managing resources in a
systematic way.it is very basic need of the companies and industries to have a
specific tool to help and coordinate specific activities and tasks.

Wednesday, 12 November 2014

Buyers should encourage vendors to mitigate risks
themselves by including a risk management element in the overall sourcing
process. Managers could give themselves a basis for shortlisting vendors in a
tendering process by incorporating a risk management element requests for proposals (RFP), asking
vendors how they would stop risks transpire and how they would reduce the
impact if they did happen.

Wednesday, 5 November 2014

Speed of response is a
critical capability of dynamic supply chains and the key to mitigating risk and
swiftly implementing the changes that will make the supply chain still more
resilient. But response time hinges on the company’s ability to proactively identify
high-risk events, and to decide whether to design the operation to flex to
known risks—those that are unpredictable but relatively more likely to occur—or
to have contingency plans for the unknowable—risks that are unlikely to occur
but are potentially catastrophic.